NETSTREIT (NYSE:NTST) Coverage Initiated at Capital One Financial

Equities research analysts at Capital One Financial began coverage on shares of NETSTREIT (NYSE:NTST) in a research note issued on Wednesday, Marketbeat reports. The firm set an “overweight” rating on the stock.

NTST has been the subject of several other reports. Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Mizuho decreased their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Finally, Raymond James decreased their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NETSTREIT presently has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Trading Up 2.3 %

Shares of NYSE NTST opened at $14.20 on Wednesday. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -236.54 and a beta of 1.00. The business’s 50 day moving average price is $14.40 and its 200-day moving average price is $15.56.

Institutional Trading of NETSTREIT

Several institutional investors and hedge funds have recently made changes to their positions in NTST. PNC Financial Services Group Inc. raised its holdings in shares of NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after acquiring an additional 4,865 shares in the last quarter. Prudent Man Advisors LLC purchased a new position in NETSTREIT in the fourth quarter valued at about $143,000. Mariner LLC purchased a new position in NETSTREIT in the fourth quarter valued at about $143,000. Envestnet Portfolio Solutions Inc. purchased a new position in NETSTREIT in the fourth quarter valued at about $152,000. Finally, Hohimer Wealth Management LLC purchased a new position in NETSTREIT in the third quarter valued at about $166,000.

NETSTREIT Company Profile

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.